The Long Investor

$AZO - RC -

Very straight forward impulse wave count here and respecting the multiples of the .618 Fib very well, so we have Wave 5 completing at the 3.618 Fib at $3534 over the next 2 months or so.

Steady and consistent over the last 4 years and have not missed on earnings since 2018.

A perfect ...

$QCOM - RC -

I have added in the amber fib levels for its ABC correction when we see confirmed signs that Wave 5 is now complete.

From our chart, it is showing that there is one more leg up to $182 but can go as high as the blue line if it goes extended, so I can not confirm right now that Wave 5 is com...

$CURE - WATCHLIST -

$CURE remains on my watchlist and we are starting to see signs of slowing down and a pull back, as the price rests on the 0.236 Fib this week at $115.

I would like to see more of a pull back for me to consider starting a position as this is a 3 X leveraged Healthcare ETF.

The 200 Day ...

$XPEV - RC -

We can clearly see on this chart that $XPEV is going through the same pain as $NIO right now.....and $RIVN, $LCID, $TSLA, $PSNY and we won't mention $FSR.

The sector needs a lifeline and $XPEV particularly is not looking good here as they continue to under deliver on their targets, below $N...

$F TOP 20

I know its a difficult pill to swallow for us fans of the EV sector but there has been no denying the strength of the $F chart and how it has been following our count perfectly.

Channel breakout clean here and the 50 Day MA crossing the 200 Day MA at the same time, also in Wave 3 and lookin...

$INTC TOP 20

Difficult catalyst for $INTC yesterday, reporting that their Foundry Unit lost $7 Billion in 2023....which is an interesting move to report this loss before earnings at the end of this month, so this loss can be baked into the share price before the report.

This will likely lower estimates...

$PLTR TOP 20

Nice buy alert sent out yesterday and we are up 3.5% on this buy, overall the day turned out very well for our buy alerts recently, with $PLTR, SILVER and $OXY all performing well in a difficult day for the market.

Like I said yesterday, we want to see the 0.38 Fib regained next at $23, so...

$ABNB TOP 20

$ABNB looks on track to test the 50 Day MA and the top green line again of the ascending triangle at $155.

There was a large breadth between the price action and the 50 Day MA, so a retest at this confluence level must be needed.

We want to see a hold of support here however, any brea...

HSI

Showing a bounce now on the large and smaller channel and the price action is back above the green historical line after regaining it at the start of this week.

Price action is also retesting this line from above today too, so although some ADR's are red, we can see from the HSI that this i...

$COST TOP 20

We are starting to see the acceleration to the downside now for $COST, since we called the Top at Wave 5 at the 2 Fib....price has fallen from $787 to $701 today.

Very close to the first important Fib at $696, so relief and support could come here but I suspect it will continue moving down ...

$PYPL TOP 20

$PYPL held on the 0.38 Fib so far for our Subwave 4 pull back at $64.30 and has bounced.

We need to see a show of strength now to make a higher high next and get above the blue line again at $66.52

The US 10 YEAR extending higher had not helped $PYPL and other finance stocks over the...

$TSLA TOP 20

$TSLA chart shared on X, showing the 0.78 Fib as a potential support level at $144.

It either finds support here or there is a move down to the previous low and towards the blue line range, or as we know, the Buy Zone.

US OIL

Very clear breakout here now from US OIL and another reason why we had full conviction behind buying $OXY when it retested its breakout level.

50 Day MA is also crossing the 200 Day MA here too to reinforce the bullish movement.

Looks good to continue higher.

No changes to out c...

$ADAUSD

I uploaded this chart the other day to show how disciplined $ADA has been and that I believe it is in Wave 2 now and should pull back as shown to between the 0.5 Fib and the 0.618 Fib, to where the 200 Day MA is right now.

Between $0.51 - $0.44

If support is found here, I believe this...

$DAL

$DAL did hit resistance at the yellow trend line and the 1 Fib at $48 that we spoke about but there is no breakout down of the structure and there has been a test of support on the 50 MA on 1hr chart.

We use the 50 and 200 MA on the 1hr and Daily chart as they consistently show us where sup...

$XLV - HEALTHCARE ETF -

$XLV is retesting its very long consolidated channel today at $143.

This channel was in place for over 2 years.

So a breakout was significant and the retest will be even more important.

We would need to see a hold of $143 to consider a position.

I have uploaded $UNH also t...

$DG - SAFE HAVEN -

$DG is moving well in this triangle now, after holding on support on the 0.5 Fib first, then the 0.38 Fib and using the 200 MA on the 1hr to solidify support on the Fib levels too.

We are watching for a test of the upper trend line next and a breakout.

No changes to our impulse wave a...

$BLDE

No changes to the last chart uploaded but we have a breakout again outside of this wedge.

Price sunk after earnings and lost the 200 Day MA and broke back into the wedge but this has been recovered again.

The price needs to hold the 200 Day MA on the retest this time, as it did not ho...

$ONON

Alternative view.

$ONON is still in the wedge here and part of this Cup and Handle formation.

I see no requirement to sell or reduce my position while there is still a possibility of a breakout here and a move up to test the $37 level.

A break above this level and $ONON is looki...

$UNH

$UNH is presenting an opportunity here that I am struggling to ignore, as the price is coming close to its blue support line which it has consolidated above for the last 20 months.

The price is at at the last Fib support level now on the 0.887 Fib and in a channel now too.

A test and ...

$SPY TOP 20

Some volatility in the market today and $SPY is back to test the 1.27 Fib at $516, which we spoke about at the weekend.

A hold here and this can move up to the higher Fib at $545 which would be an aggressive move for the bulls.

Losing this level and we get a retest of this level from ...

$TLT - SAFE HAVEN -

$TLT is still holding the 0.5 Fib at $91 but I suspect it will still move down this wedge to test the bottom trend line or the 0.618 Fib at $89.

I think any opportunity for this to move down lower is a good signal.

No signs of a reversal here but when it does come, you will benefit f...

$BTC TOP 20

No changes to this chart which was uploaded at the weekend but we can see here that $BTC has struggled to hold the $69k level and has sinked to $65k.

I would not be adding here while it is in this position, as there is a clear lower high made, a rejection at the $69k level and we have this ...

$ETH

Aggressive breakdown from the bullish ascending triangle as $BTC convincingly lost its $69k support level.

So I am watching $ETH as it tests the 0.38 Fib again at $31110 and it can also easily test the $2806 level too on the 0.5 Fib.

I am holding $ETH regardless here and will add agai...

SILVER - SAFE HAVEN -

The more uncertainty and volatility in the market, the more attractive Silver and Gold becomes.

And there is a significant lag between Gold and Silver right now and when people believe they have missed Gold at a cheaper price, they will look to its next alternative: Silver, being the obviou...

$TSLA TOP 20

Tesla reported delivery numbers today and they were below estimates and the market is pouring fuel on the fire here for $TSLA.

Price is right down to the 0.618 Fib again but this time, just slightly lower at $164 in the PM.

Losing this level and $TSLA is into collateral damage territo...

$PLTR TOP 20

A lot of red in the PM this morning as the market awaits important economic data from JOLTS, which may influence Powells decision on rate cuts.

With that, $PLTR has lost the 50 Day MA at $22.40 (in the PM at least)

So the next level to watch for support is at $21.60

We saw that ...

$BKNG

There is no taming this beast.

Has bounced now again since pulling back after reporting its earnings but never looked at risk of breaking down or losing structure.

Travel stocks continue to perform well and there has been no changes here to the chart.

Wave 3 remains my target at...

$CELH - RC -

$CELH was a good chart for us during its Impulse Wave rise and I believe this too is approaching its upper limits of Wave 5.

Wave 3 hit the 1.618 Fib exactly and pulled back for Wave 4 to the 200 Day MA before moving higher for Wave 5....this has all been textbook

But there has been a...

$WYNN

$WYNN bounces +4% today as it found support on the 50 and 200 Day MA and continues to impress me with its structure.

$WYNN is also in its Bull Case now as it broke out of its long wedge and tested above multiple times before recapturing the 50 and 200 Day MA.

First Target is at $140 a...